Tag: Finance

TSA Cost Gulps N16b In Two Years
November 5, 2018 No Responses

TSA Cost Gulps N16b In Two Years

The Nigeria Government has spent N16 billion on Treasury Single Account (TSA) transaction costs in two years, Accountant-General of the Federation (AGF) Ahmed Idris has said. He said the government would no longer bear the service charge on all payments...
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NAHCO Records N7.25B Turnover, N601.3M Profit In Nine Months
November 4, 2018 No Responses

NAHCO Records N7.25B Turnover, N601.3M Profit In Nine Months

Riding on the back of an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has once again posted impressive Q3 results.  In the figures released to the Nigerian Stock Exchange (NSE), the Company recorded N7.25...
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CBN Injects $337.16m, 56.17m CNY Into Retail Secondary Market Intervention Sales
November 3, 2018 No Responses

CBN Injects $337.16m, 56.17m CNY Into Retail Secondary Market Intervention Sales

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac...
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CBN Unveils Guidelines For Payment Service Banks
November 2, 2018 No Responses

CBN Unveils Guidelines For Payment Service Banks

As part of measures to promote a sound financial system and  enhance access to financial services for low income earners and unbanked segments, the Central Bank of Nigeria (CBN) on Thursday unveiled operational guidelines for Payment Service Banks (PSBs).  T...
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PFAs Invest N1.49t In Treasury Bills
October 22, 2018 No Responses

PFAs Invest N1.49t In Treasury Bills

Not less than N1.49 trillion have been invested by Pension Fund Administrators (PFAs) in Treasury Bills.  According to the monthly National Pension Commission (PenCom) report released at the weekend in Abuja by its spokesman, Peter Aghahowa, the PFAs invested...
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Nigeria Injects $337m, CNY53m Into Inter-Bank Forex Market
October 20, 2018 No Responses

Nigeria Injects $337m, CNY53m Into Inter-Bank Forex Market

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, October 19, 2018 injected over $337 million in the inter- Bank forex market. The CBN intervened in the Retail Secondary Market Sales (SMIS) to the tune of...
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Nigeria To Fund Capital Projects With $2.9B Eurobond
October 18, 2018 No Responses

Nigeria To Fund Capital Projects With $2.9B Eurobond

The Federal Executive Council (FEC) on Wednesday approved that 2.9 billion dollars in Eurobond be raised to fund capital projects in the 2018 budget. The Minister of Finance, Mrs Zainab Ahmed, made this known when she addressed State House correspondents...
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Arunma Oteh Canvasses Support For Green Sukuk Financing Scheme
October 14, 2018 No Responses

Arunma Oteh Canvasses Support For Green Sukuk Financing Scheme

By citybusinessnews@yahoo.com –   Green Sukuk financing scheme is promising for green projects, the Vice President and Treasurer of the World Bank, Arunma Oteh has said.  Speaking at the International Monetary Fund-World Bank Annual Meetings in Indone...
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Tony Elumelu Foundation, GIZ, To Empower Young Entrepreneurs In East, West Africa
October 10, 2018 No Responses

Tony Elumelu Foundation, GIZ, To Empower Young Entrepreneurs In East, West Africa

The Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation.   GIZ will support the...
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Nigeria Lifts Forex Market With $334m, CNY 52m
October 7, 2018 No Responses

Nigeria Lifts Forex Market With $334m, CNY 52m

Further to its commitment to ensure stability in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Sales (SMIS) to the tune of $334,146,393.84. A breakdown of the forex intervention figures....
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WFE: 6,807 Firms List On 33 SME Markets, Capitalisation Exceeds $1.3trillion Worldwide
October 3, 2018 No Responses

WFE: 6,807 Firms List On 33 SME Markets, Capitalisation Exceeds $1.3trillion Worldwide

The World Federation of Exchanges (WFE) on Tuesday published a report (together with a supplementary dataset) entitled ‘An overview of WFE SME markets’, examining the current status of 33 Small and Medium-sized Enterprises (SMEs) markets across 29 ...
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FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth
October 1, 2018 No Responses

FSD Africa, SEC Nigeria Seal Partnership On Capacity Building, Capital Market Growth

Nigeria’s  Securities and Exchange Commission  (Nigeria) has become the first capital market regulator to participate in a flagship pan-African programme designed to strengthen the continent’s capital markets.   Under the arrangement, over a three-year ...
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19 Firms Indicate Interest In Afam, Yola DisCos
September 28, 2018 No Responses

19 Firms Indicate Interest In Afam, Yola DisCos

Nineteen (19) firms have indicated interest to acquire the Afam Power Company and the Yola Distribution Company (YDC) put up for sale by the Federal Government.  At the close of the submission of bids for the Expression of Interest (EOIs)...
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World Investor Week Gets More Support, Explains Awareness, Protection
September 27, 2018 No Responses

World Investor Week Gets More Support, Explains Awareness, Protection

In addition to the Argentine G20 Presidency, various important multilateral institutions have endorsed the second annual World Investor Week (WIW), organized by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importan...
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